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Jim's Auto Sales Acquires Retail/Office Property In Harbor City For $5.5M

Property Image
SOLD
$5,487,500
Kyle Woods
Dan Riley
+ 4

California

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Other17,000 SF
Sold 12/25/2020
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Property Image
SOLD

Jim's Auto Sales Acquires Retail/Office Property In Harbor City For $5.5M

25617 Dodge Avenue, Harbor City, CA, USA

See Similar Deals
Other17,000 SF
Sold 12/25/2020
Kyle Woods
Dan Riley
+ 4
Contact now

Summary

CALIFORNIA
Asset Type:Other
Price Per Square Foot:$322
Total Square Footage:17,000 SF
Transaction Type:Sale

The retail/office property located at 25617 Dodge Ave. (26517 before) in Harbor City was sold on December 25, 2020. The property spans 17,000 square feet and was sold for a total price of $5,487,500, resulting in a price per square foot of $322.79. The transaction involved Jim's Auto Sales as the buyer and Harbor City Dental Properties as the seller.

Summary of transation details

  • Property Type: Retail/Office
  • Transaction Amount: $5,487,500
  • Square Footage: 17,000
  • Price per Square Foot: $322.79

The deal was facilitated by the following individuals and companies: Dan Riley, Bill Durslag, Simon Mattox, Austin Wolitarsky, and Kyle Woods from CBRE, along with Sam Aaron from Socal Retail Investment Sales and Leasing Advisory and Rodman Amiri from Merit Real Estate.

Players

Simon Mattox
20 deals$414.9M volume
BROKER

Rodman Amiri
2 deals$11.2M volume
BROKER

Dan Riley
CBRE
17 deals$524.7M volume
BROKER

Bill Durslag
CBRE
17 deals$391.9M volume
BROKER

Austin Wolitarsky
CBRE
21 deals$465.1M volume
BROKER

Kyle Woods
CBRE
15 deals$375.7M volume
BROKER

Sam Aaron
CBRE
5 deals$34.6M volume
BROKER

BUYER

Details

SOLD
IMAGE: Dan Riley, Bill Durslag, Austin Wolitarsky, Sam Aaron, Simon Mattox, & Kyle Woods DATE: 12/25/2020 ADDRESS: 25617 Dodge Ave. (26517 before) MARKET: Harbor City ASSET TYPE: Retail/Office BUYER: Jim's Auto Sales SELLER: Harbor City Dental Properties BROKERS: Dan Riley, Bill Durslag, Simon Mattox @SimonMattox, Austin Wolitarsky @Wallyboyuee, Kyle Woods @KWoodz_, Sam Aaron (Socal Retail Investment Sales and Leasing Advisory @SocalRetailAdvisory) - CBRE; Rodman Amiri - Merit Real Estate SALE PRICE: $5,487,500 SF: 17,000 ~ PPSF: $322.79

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$292,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$19,495.92
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,013.55
Annual Debt Service$312,162.60